Competition in consumer market key to alleviating poverty

CAROLINE KALOMBE, Lusaka
TACKLING cartels and improving regulations that limit competition in food markets could lift nearly half a million people in Zambia, Kenya and South Africa out of poverty and save households in these countries over US$700 million a year.
Boosting competition in consumer markets and key input sectors can help African countries grow faster and alleviate poverty.
This can be done by reforming professional service and implementing them in the electricity, telecommunications, and transport sectors which have higher spill over potential across economies and can further increase Gross Domestic Product (GDP) for Zambia.READ MORE